SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of earliest event reported, April 29, 1999
APPLIED CAPITAL FUNDING, INC.
Colorado 0-23171 84-1280679
(State of Incorporation) (Commission File Number) (IRS I.D. Number)
c/o Steven L. Siskind
645 Fifth Avenue, Suite 403
New York, New York 10022
(Address of principal executive offices)(Zip Code)
(212) 750-2002
(Registrant's telephone number, including area code)
APPLIED CAPITAL FUNDING, INC.
4155 East Jewell Avenue
Suite 909
Denver, Colorado 80222
(Former name or address, if changed since last report)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 1. Changes in Control of Registrant.
On April 29, 1999, the Corporation's existing Board of Directors resigned and
Messrs. Ajmal Khan, Jeffrey L. Taylor, and Peter Lee were appointed to the
Corporation's Board of Directors. In addition, Mr. Khan was elected to serve as
President, Mr. Taylor was elected to serve as Vice President, and Mr. Lee was
elected to serve as Secretary and Treasurer. Accordingly, the Corporation's
current directors and officers are set forth in the following table:
NAME POSITION
Ajmal Khan President & Director
Jeffrey L. Taylor Vice President and Director
Peter Lee Secretary and Treasurer
The registrant is not aware of any arrangements that may result in a change in
control subsequent to the date hereof.
Item 5. Other Events.
Prior to their resignations on April 29, 1999, Directors David Reitsma and Gary
Clark, by written consent in lieu of meeting, agreed to retire the 160,000
outstanding shares of the Company's Preferred Common Stock. Subsequent to their
appointment, by written consent in lieu of meeting dated April 29, 1999, the new
directors authorized a forward split of all of the 3,200,000 issued and
outstanding common stock of the Company's shares on a 2.5 share for 1 share
basis, .
The record date for determining holders entitled to participate in the stock
split is May 10, 1999. The date of delivery is May 14, 1999. Immediately
following the split there will be 8,000,000 share of common stock issued and
outstanding. The Company will round up fractional shares to the nearest whole
share. The Company's officers have been instructed to properly notify the NASD,
the Company's transfer agent and the Company's shareholders, and to file the
appropriate notice with the SEC.
The Company's transfer agent is Corporate Stock Transfer, 370 17th Street,
Suite 2350, Denver, Colorado 80202; Tel: (303) 595-3300.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
APPLIED CAPITAL FUNDING, INC.
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(Registrant)
Dated: May 14, 1999
By:__________________________
Peter Lee, Secretary
